RJK Explorations Ltd Completes Claims Acquisition from Record Resources Inc.

About this update from Rjk Explorations Ltd. Class A

Kirkland Lake, Ontario--(Newsfile Corp. - June 17, 2026) - RJK Explorations Ltd. (TSXV: RJX.A) (the "Company") reports that it has now acquired six contiguous blocks of staked claims (Lorrain-Bucke Townships Property) totaling approximately 2,650 hectares from Record Resources Inc., (Record), (please see the company's January 14, 2025 news release of the acquisition). RJK, will gain a 100% interest, subject to an underlying 2% Vendors Net Smelter Royalty and GOOR Royalty, to the production of Diamonds, Precious and Base-Metals. Record will keep 100% of the rights to any hydrogen or hydrocarbons found by work completed by RJK or its affiliates on the Lorrain-Bucke Townships Properties. RJK will hold no royalty on hydrogen or hydrocarbon discoveries. In addition, RJK will grant to Record a 1% gross over-riding royalty (GOOR) interest on the discovery of any diamond-bearing kimberlite pipes with a buy-back provision of 0.5% for $500,000. Following the transaction RJK is obligated to make one cash payment of $23,000 in February 2027 with Record being obligated to make the final cash payment of $23,000 in February 2028 to the initial vendors of the staked claims. RJK and Record can fully exercise this option agreement by paying the vendors the balance of the cash payments in advance. RJK will apply approximately $52,000 in work commitments on the claims acquired from Record from an assessment surplus RJK has on their Lorraine clam block to keep the claims in good standing. Contact Information Glenn Kasner, CEOMobile: (705)568-7567Email: [email protected] Web Site: https://www.rjkexplorations.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward Looking Statements Certain statements herein may contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Forward-looking statements or information appear in a number of places and can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not antici...

View stock analysis, news, and events for Rjk Explorations Ltd. Class A